Balaji Srinivasan says FTX is a preview of state failure, USD bank accounts may freeze or become worthless
Angel investor Srinivasan says that the collapse of crypto exchanges should be viewed as a failure of the state and he warns that one day the US dollar may freeze bank accounts and make them virtually useless. Insists that the authorities show no interest in prosecuting and that he hopes the world is coming where we need alternatives. According to them hyperinflation and debilitating bank fridges and confiscation of money is a hedge against it. Where Venezuela, Lebanon and Nigeria have already proven themselves to be in that role and it can prove to be a gold-like role for inflation but it takes decades to show up.
Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Off And FTX Collapse
Gene Simmons, the lead singer of the rock band Kiss, confirms that despite the collapse of crypto exchanges, he is still holding cryptocurrencies because he is interested in them, and certainly considering that he has a number of cryptocurrencies such as bitcoin and ethereum. Where he does not give any kind of advice and says that he believes in it and is personally fond of all this and everyone should invest according to their own wish and not by anyone’s advice. In the end, he says that he has kept the crypto currency units despite the Great Recession.
Hackers Steal $6.9 Million From Arbitrum-Based DeFi Protocol Lodestar Finance
According to a tweet shared by the project’s Twitter account, arbitrum-based lending platform Lodestar Finance was exploited on December 10 and reports that it has lost approximately $6.9 million, as well as reports Accordingly, all interest rates and exchange rates were zeroed, due to which there is a possibility of huge losses, while in the last 24 hours, lodestar has registered a decline of 53 percent against the US dollar.
Report: Ahead of Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Executive to ‘Stop Trying to Dag Stable Coins’
A recent report was published via the Wall Street Journal (WSJ) according to which crypto executive Chinta Methi’s SBF Alameda Research was trying to “undermine stablecoins” and top officials of crypto exchanges through a process called exchange coordination. Chat group members and Binance CEO Changpeng Zhao (CZ) apparently advised them to prevent further losses.
New York Times, FT, Bloomberg blasted for attempting to reveal names of FTX creditors
Allegedly amid ongoing FTX bankruptcy proceedings, court documents indicate that firms such as Bloomberg, The New York Times (NYT), Dow Jones & Company and the Financial Times (FT) want all information related to FTX to be fully disclosed. be removed and the companies believe that the public should be made aware of creditors’ information as certainly publishers have insisted on court filings and the news media seek to act as the eyes and ears of the public. In addition, to prevent theft and harassment, improvements are needed in certain situations where name release does not result in identification of lay stars, awareness of personal danger, and may create an undue risk of unlawful injury. does not do.
FTX Insider Uncovers Documents and Elon Musk, Nobel Laureate Krugman and Multiple Economists for SBF Warns of Eternal Winter
While Clifftop has not had a good year this year, various economists discuss it according to their respective claims and express their opinion about FTX. Where Elon Musk said here has been criticised for suggesting that the former CEO has paid too much public attention while Nobel laureate Krugman warns of eternal winter and advises investors to invest with caution and Also according to the CEO of Morgan Creek the SBF was doable and that’s why it all happened. So everyone shared their thoughts for FTX and crypto in their respective languages.
Another member of the Russian crypto pyramid Finiko arrested in the United Arab Emirates
In the United Arab Emirates, where law enforcement officials have taken into custody another top representative who sought to run schemes to defraud thousands of investors around the world and the pyramids, announced last month This is the second arrest of a high-ranking member of the CIA in the Gulf state.
